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a dime. that is all the time we have for us here in washington. "fox news sunday" is coming up next. chris wallace has exclusive interviews with house minority leader nancy pelosi and senator john mccain. you don't want to miss that. i'm unroberts in for -- i'm john roberts in for shannon bream today. have a great rest of our weekend and if you are in new england get to shoveling now before the rain comes in later captioned by closed captioning services, inc. >> chris: i'm chris wallace. what is the state of our union? foreign and domestic? as president obama prepares to address the nation tuesday, he faces a buzzsaw of issues. automatic spending cuts. gun control. immigration reform. and the resurgent al-qaeda. we will talk about all this with two of washington's heavy hitters. house democratic leader nancy pelosi. and senator john mccain. pelosi and mccain only on "fox news sunday." then, senators grill the president's nominee for cia director over the targeted killing of terrorist suspects. we will ask our sunday panel about new demands to lift the veil on drone strikes. and our
have to recognize that. which cuts really help us and which cuts hurt our future and cuts in education, sigh enfiscal cliff tick research and the rest are harmful and they are what are affected by the sequestration. it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. right now we have low interest on the national debt and it is a good time for us to act to lower that deficit. we think the deficit and the national debt are at immoral levels. we think we must be reduced. we are sick and tired of paying interest on the national debt. that is 15%, a large percentage of the budget the interest on the national debt. it is lower now because of the lower interest rate. >> chris: again all i would say, a $3.5 trillion budget and talking about $85 billion in cuts injuries let's go to the taxes, though. >> before you leave spending we agreed to $1.6 trillion in spending discretionary domestic spending -- >> chris: but the sequestration is just spend ising cuts. >> secondly we have gone to medicare and had savings of over a tri
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